REI Deal Finders
In this episode of REI Deal Finders, I break down the full process of finding, analyzing, and executing profitable flip deals—from sourcing opportunities to building your contractor team and managing your rehab timeline. If you've ever wondered why some investors consistently find great deals while others stay stuck, this episode lays it all out step-by-step. We dive into the systems behind deal finding, the importance of accurate comps, and how to confidently evaluate deals so you don't lose money before you even get started. Whether you're preparing for your first flip or looking to tighten up your process, this episode gives you the practical framework to move forward with confidence. Episode Highlights [0:21] – Why finding deals is a system—not luck or timing [0:44] – The 3 key stages: marketing, communication, and negotiation [1:09] – How to comp properties correctly (and avoid costly mistakes) [1:58] – Why active listings are NOT real comps [2:47] – What to do when you can't find comparable properties [3:39] – Why guessing ARV will kill your deal before it starts [4:51] – How lenders evaluate you based on your numbers [6:12] – Building a professional scope of work to secure funding [8:24] – The 3-step flip process: find, fix, and sell [9:31] – Why your contractor team is critical to your success [10:21] – Time vs. money: how delays destroy your profits [11:35] – Quick rehab cost estimates to evaluate deals fast [14:34] – Why you need a materials database (and how to build one) [16:54] – Labor vs. materials: where investors get taken advantage of [20:05] – Why you must inspect every deal before buying [22:29] – How to properly vet contractors (and avoid bad hires) [27:10] – The real cost of holding a property per day [30:00] – Why flipping is a system—not a one-time event [31:08] – The most important step: taking action and getting started 5 Key Takeaways 1. Deal finding is a system—build it and stay consistent 2. Accurate comps and ARV are the foundation of every profitable deal 3. Time kills deals—manage your timeline as tightly as your budget 4. Your contractor team can make or break your flip 5. Action beats perfection—your next step is what moves your business forward Links & Resources * REI Deal Finders Club [https://www.reidealfinders.club] – Join the community and connect with deal finders * Deal Finders Workshop – Deep dive into finding, funding, and flipping deals * Scope of Work Template (shared inside the community) * Connect on YouTube + Facebook @REIDealFinders If this episode helped you better understand how to find and execute flip deals, do me a favor—rate, follow, and review the podcast. And share it with someone ready to take action and land their first (or next) deal. Let's go get that next deal.
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